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What is 'Fair Market Value - FMV' In its simplest sense, fair market value (FMV) is the price that property would sell for on the open market.
If you have an asset in your account, that doesnât have a market value, if you have gold, for instance, you can go, get the spot price of gold, and just multiply that by the number of ounces youâve got, and come up with the market value, of that.5:03] Itâs very important that you take care of RMDs and your fair market value before the end of the year, especially if this is your second year to receive your RMD. This video can be seen on our YouTube channel.